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Jeff Clark – “Arizona Gold & Silver (AZASF; T.AZS) Releases Technical Report on Philadelphia Project.”

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Jeff Clark – “Arizona Gold & Silver (AZASF; T.AZS) Releases Technical Report on Philadelphia Project.”

 

 

 

 

 

We don’t normally comment when a technical report is filed, but in this case, this is the first 43-101 report filed on the Philadelphia Gold-Silver property.

 

 

It provides a detailed summary of the property status and all of the historical exploration activity on the property prior to Arizona Gold & Silver acquiring it, as well as an up-to-date summary of the exploration activities undertaken by the company, including a summary of the 141 drill holes completed on the property to date. There is good information in it for those that would like to read it.

 

 

The other significant thing about the report is that several confidentiality agreements (CA’s) have been signed with the company. As management puts it, “these people are eating this up.” In other words, outside companies are actively examining the document to potentially invest or partner up with the company. This would be a significant development for Arizona Gold & Silver.

 

 

As CEO Greg Hahn, VP-Exploration puts it (emphasis mine), “This Technical Report provides the investment community and potential strategic partners with a complete summary of the history of the Philadelphia Project and the significant work completed by Arizona Gold & Silver to date and includes a recommendation on a work plan to complete sufficient drilling to advance the project to the level where a maiden NI43-101 report can be commissioned.”

 

 

The report can be viewed here:

 

https://arizonagoldsilver.com/philadelphia/

 

 

It includes a specific recommendation for a 7,600-meter drill program “mostly confined to ‘gaps’ within the existing drilling database to provide sufficient drilling density to commission a NI43-101 maiden resource report at the end of the drilling campaign.” This would be another significant development for the company.

 

 

The stock is down as I write, though this appears to be from one seller, and CEO Mike Stark tells me he’s getting lots of phone calls and emails. With all the progress on tap I don’t expect the stock to be trading at the current price by this time next year. It’s a buy, and I remain overweight.

 

Courtesy of the Gold Advisor

 

Posted November 22, 2023

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